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EIN 23-2920364

Pennsylvania Cdfi Network

IRS 501(c) type
501(c)(3)
Num. employees
3
City
Philadelphia
State
Pennsylvania
Year formed
1997
Most recent tax filings
2023-06-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Pennsylvania CDFI Network: Philadelphia-based community improvement and capacity building organization, led by Leslie Benoliel, with $13.2M total revenues last year.
Also known as...
Pennsylvania Microenterprise Coalition
Total revenues
$17,412,624
2023
Total expenses
$17,336,132
2023
Total assets
$1,280,928
2023
Num. employees
3
2023

Program areas at Pennsylvania Cdfi Network

The pa Cdfi Network collaborates on regional and statewide initiatives to support small businesses. It has the capacity to engage with large-scale funders, allowing for the deployment of more resources to a wider range of business owners than any one Cdfi can serve. In 2020-2021, the Network obtained 249 million from cares act resources to manage state and county-based programs and delivered the keep your doors open program. As a result, 14,500 small businesses received recovery grants and 57% of the funds went to businesses owned by people of color. (continued on schedule o)

Grants made by Pennsylvania Cdfi Network

GranteeGrant descriptionAmount
Community First FundTech Assist Ssbci$5,813,694
Bridgeway CapitalTech Assist Ssbci$4,025,406
PIDC-Community CapitalTech Assist Ssbci$1,985,000
...and 8 more grants made

Who funds Pennsylvania Cdfi Network

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Bank of America Charitable FoundationProgram/operating Support$125,000
The Bank of America Charitable FoundationProgram/operating Support$125,000
Fulton Forward FoundationEconomic Empowerment$50,000

Personnel at Pennsylvania Cdfi Network

NameTitleCompensation
David KahleyPresident and Chief Executive Officer of the Progress Fund.$0
Leslie BenolielPresident and Chief Executive Officer of$0
Varsovia FernandezExecutive Director$197,861
Michele ClapperExecutive Director of the Jari Growth Fund.$0

Financials for Pennsylvania Cdfi Network

RevenuesFYE 06/2023
Total grants, contributions, etc.$17,197,243
Program services$0
Investment income and dividends$215,381
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$17,412,624

Form 990s for Pennsylvania Cdfi Network

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-14990View PDF
2022-062023-05-15990View PDF
2021-062022-05-13990View PDF
Data update history
August 13, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 10, 2024
Updated personnel
Identified 1 new personnel
July 24, 2024
Updated personnel
Identified 2 new personnel
July 18, 2024
Used new vendors
Identified 2 new vendors, including , and
July 10, 2024
Received grants
Identified 1 new grant, including a grant for $50,000 from Fulton Forward Foundation
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingManagement and technical assistanceTax deductible donationsAccepts online donations
General information
Address
50 S 16th St 17th Floor
Philadelphia, PA 19102
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
Philadelphia County, PA
Website URL
pacdfinetwork.org/ 
IRS details
EIN
23-2920364
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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